Voloridge Investment Management LLC Sells 24,738 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Voloridge Investment Management LLC cut its stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,032 shares of the transportation company's stock after selling 24,738 shares during the period. Voloridge Investment Management LLC owned approximately 0.20% of Greenbrier Companies worth $3,905,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GBX. KBC Group NV grew its stake in Greenbrier Companies by 57.8% in the 4th quarter. KBC Group NV now owns 1,466 shares of the transportation company's stock worth $89,000 after acquiring an additional 537 shares during the period. R Squared Ltd purchased a new stake in Greenbrier Companies in the 4th quarter worth approximately $26,000. Westhampton Capital LLC purchased a new stake in Greenbrier Companies in the 4th quarter worth approximately $207,000. Hodges Capital Management Inc. grew its stake in Greenbrier Companies by 9.2% in the 4th quarter. Hodges Capital Management Inc. now owns 348,325 shares of the transportation company's stock worth $21,244,000 after acquiring an additional 29,231 shares during the period. Finally, Verity Asset Management Inc. purchased a new stake in Greenbrier Companies in the 4th quarter worth approximately $255,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Stock Performance

Shares of NYSE GBX traded down $0.04 during mid-day trading on Friday, hitting $45.14. The company had a trading volume of 219,667 shares, compared to its average volume of 379,182. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06. The firm's 50 day simple moving average is $44.83 and its two-hundred day simple moving average is $56.15. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.80 and a beta of 1.79.

Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its earnings results on Monday, April 7th. The transportation company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.09). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The company had revenue of $762.10 million for the quarter, compared to analysts' expectations of $898.53 million. During the same period in the prior year, the company earned $1.03 earnings per share. The company's revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities research analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.32 per share. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 2.84%. Greenbrier Companies's payout ratio is currently 20.45%.

Analyst Ratings Changes

Separately, Susquehanna decreased their price target on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating on the stock in a report on Tuesday, April 8th.

Insiders Place Their Bets

In related news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $48.00, for a total transaction of $96,000.00. Following the completion of the transaction, the chief operating officer now directly owns 36,714 shares of the company's stock, valued at $1,762,272. This trade represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.78% of the company's stock.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.